CHIPPACKING(SH:688216)2024-04-22 09:10Financial Performance - The company's operating revenue for Q1 2024 was ¥123,579,565.45, representing a year-on-year increase of 28.83%[6] - The net profit attributable to shareholders was a loss of ¥21,106,037.11, with basic earnings per share at -¥0.20[6] - Total operating revenue for Q1 2024 was CNY 123,579,565.45, an increase of 29% compared to CNY 95,927,426.22 in Q1 2023[17] - Net loss for Q1 2024 was CNY 21,113,857.10, an improvement from a net loss of CNY 33,640,585.46 in Q1 2023[18] - Operating profit for Q1 2024 was CNY -25,641,280.97, compared to CNY -39,635,084.75 in Q1 2023, indicating a reduced loss[17] - The company reported a total comprehensive loss of CNY 21,108,817.99 for Q1 2024, improving from a loss of CNY 33,640,585.46 in Q1 2023[18] Research and Development - Research and development expenses totaled ¥12,142,615.10, accounting for 9.83% of operating revenue, a decrease of 1.37 percentage points compared to the previous year[7] - Research and development expenses increased to CNY 12,142,615.10 in Q1 2024, up from CNY 10,748,661.66 in Q1 2023, reflecting a 13% rise[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,838,118,537.77, down 1.46% from the end of the previous year[7] - As of March 31, 2024, the total assets of the company amounted to ¥1,838,118,537.77, a decrease from ¥1,865,430,086.08 as of December 31, 2023, reflecting a decline of approximately 1.6%[14] - The total current liabilities decreased to ¥1,020,608,363.80 from ¥1,042,000,000.00, showing a decline of about 2.1%[14] - Total liabilities decreased slightly to CNY 1,111,600,443.19 in Q1 2024 from CNY 1,119,865,857.89 in Q1 2023[17] - The company’s total liabilities decreased to ¥1,020,608,363.80 from ¥1,042,000,000.00, reflecting a decrease of about 2.1%[14] Cash Flow - The net cash flow from operating activities was a negative ¥19,159,356.21, primarily due to a decrease in cash received from operating activities compared to the same period last year[9] - In Q1 2024, the company reported cash inflows from operating activities of $105,966,603.23, a decrease of 16.3% compared to $126,664,537.65 in Q1 2023[21] - The net cash outflow from operating activities was $19,159,356.21, worsening from a net outflow of $12,763,713.41 in the same period last year[21] - Cash inflows from investment activities totaled $18,037,430.48, down from $30,055,213.69 in Q1 2023, reflecting a decline of 40.1%[21] - The net cash outflow from investment activities was $34,018,490.01, compared to $83,176,706.93 in Q1 2023, indicating a significant reduction in cash outflow[21] - Cash inflows from financing activities increased to $158,141,746.09, up 79.5% from $87,910,000.00 in Q1 2023[22] - The net cash inflow from financing activities was $54,199,360.17, compared to $43,068,009.72 in the previous year, marking a growth of 25.5%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period was 7,378[10] - The top shareholder, Liang Dazhong, holds 51,150,000 shares, representing 47.73% of the total shares[11] Future Outlook - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[9] - The overall market conditions have improved, leading to an increase in order volume, which is expected to positively impact future performance[9] - The company plans to continue focusing on investment in new technologies and market expansion strategies to enhance future performance[22]